Recently, there are always people asking why the Hong Kong bank account opening policy is getting stricter and stricter. Today, let's share the real reason for this situation, breaking it down and analyzing it carefully.

In today's accelerated integration of the global industrial chain, more and more enterprises are actively laying out overseas to seek new markets and new opportunities. However, the first step to go overseas - how to comply with the exit of funds? ODI filing is the "official passport" for Chinese enterprises to invest abroad. Without it, the capital can't go out, the project is difficult to land, and the profit is difficult to flow back.

On December 25, 2024, the Thirteenth Meeting of the Standing Committee of the Fourteenth National People's Congress adopted the Value-Added Tax Law of the People's Republic of China, which came into effect on January 1, 2026.1 The Law was adopted by the Standing Committee of the Fourteenth National People's Congress at its Thirteenth Meeting.

In the context of strengthening tax supervision and increasingly standardized enterprise exit mechanism, many enterprises are facing unclear historical accounts, centralized exposure of tax risks, complicated write-off process, etc." [...]

Today, by sharing the case of a customer registering a Hong Kong company & opening an account, and analyzing in depth the difference between mainland tax and Hong Kong tax as well as the tax advantages of Hong Kong, we will provide professional support and tax planning for your business to go overseas.